Leslie’s (NASDAQ:LESL) Given New $3.75 Price Target at Telsey Advisory Group

Leslie’s (NASDAQ:LESL) had its target price cut by analysts at Telsey Advisory Group from $4.00 to $3.75 in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 6.84% from the company’s current price.

Separately, Mizuho cut their price objective on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Leslie’s presently has an average rating of “Hold” and a consensus target price of $3.93.

Leslie’s Stock Performance

Shares of LESL opened at $3.51 on Tuesday. The firm has a market cap of $649.03 million, a P/E ratio of 175.50, a price-to-earnings-growth ratio of 2.16 and a beta of 1.19. Leslie’s has a fifty-two week low of $2.42 and a fifty-two week high of $8.21. The business has a 50-day moving average of $2.86 and a 200 day moving average of $3.50.

Hedge Funds Weigh In On Leslie’s

A number of institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new position in Leslie’s in the 2nd quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Leslie’s during the third quarter valued at about $32,000. Blue Trust Inc. lifted its stake in Leslie’s by 1,089.6% during the third quarter. Blue Trust Inc. now owns 11,075 shares of the company’s stock worth $35,000 after purchasing an additional 10,144 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Leslie’s in the 2nd quarter worth about $55,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Leslie’s during the 2nd quarter valued at about $57,000.

Leslie’s Company Profile

Leslie’s, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.